- Bitcoin, which led the cryptocurrency bull run initially of the yr, noticed a 42% improve in demand, however slipped from first to second place behind Cardano.
- Cardano — the fifth-largest cryptocurrency by market worth — was buying and selling at US$1.33, with a complete market worth of US$42 billion, as of press time, in keeping with CoinGecko data.
- “Throughout Q2, Cardano offered a clearer roadmap for its upcoming Alonzo hard fork — at the moment in a testing part. If profitable, it is going to convey smart-contract performance by permitting the writing and deployment of sensible contracts for the primary time on the Cardano blockchain,” stated Simon Peters, a crypto market analyst at eToro, in an announcement. “This improve can be vital as it is going to allow builders to construct tasks on the community, serving to Cardano to place itself as an actual ‘competitor’ to the likes of Ethereum. The worth of ADA climbed 15% during the last quarter, suggesting investor optimism across the Alonzo laborious fork and Cardano’s potential to problem Ethereum long run.”
- EToro’s findings point out that retail traders are more and more contemplating altcoins. Ethereum — ranked the third-most fashionable cryptocurrency on eToro — additionally gained in recognition forward of its much-anticipated London improve, with a 79% improve in traders holding the asset. Dogecoin, which soared in recognition this yr, was propelled to fifth spot after XRP.
- In March, eToto announced that it was going public to record on Nasdaq through a particular goal acquisition firm named FinTech Acquisition Corp. V.